Kevin Gates Net Worth

How much is Kevin Gates worth?

Net Worth:$1.3 Million
Profession:Professional Rapper
Date of Birth:February 5, 1986 (age 37)
Country:United States of America
Height:
6 ft 2 in (1.88 m)

About Kevin Gates

Kevin Gates, born Kevin Jerome Gilyard, is a trap rapper know for his autobiographical lyricisms and his fly-on-the-wall stories from his stints in jail. The rapper has his own imprint in cooperation with Atlantic, Bread Winners’ Association. Through the imprint, this highly productive artists has released two full length high charting records and several just as successful mixtapes, which often have concepts and are followed up with sequels.

American rapper, singer, and entrepreneur Kevin Gates has an estimated net worth of $1.3 million dollars, as of 2023. Gates became famous after his debut studio album, Islah, placed No. 2 on the US Billboard 200 chart.

Though Gates has only recently received mainstream success, the rapper has been making music since the mid 2000s when he was still in his teenage years. His first serious venture in recording and releasing music was a joint effort with his neighbors, Boosie Badazz and Webbie when the three worked on Gates’ debut release, Pick of Da Litter, and the follow up, All or Nuthin, came not long after. This was the first point that the rappers’ confessional approach to the lyricism was first realized.

Gates was incarcerated just as his career was picking up steam, but he was released early, after 31 months, for good behavior. And he was straight back in the studio recording music. Gates’ mixtapes had found their way to the desks of fellow rapper Lil Wayne’s label, Young Money Entertainment, and he was signed almost immediately to the management wing However, there was never a record deal signed between Gates and the company.

It was with Atlantic who would give Gates his own imprint with the label and a platform to release an album that would reach millions through major radio play. Islah, the rapper’s debut album impressively reached number two on the Billboard 200 chart. It was a perfect storm as Gates smartly increased the hype leading up to the release of the album by putting out the successful mixtapes, Stranger Than Fiction, By Any Means, and Luca Brasi 2.

His mixtapes are arguably more successful with his huge fan base, and his mixtapes’ success culminated with the release of Luca Brasi 3, named after a character from The Godfather, the second sequel in the mixtape series, something that Lil Wayne popularized with the Da Drought and Dedication series. The record serves as his first major release since his time in jail, and it covers stories and topics he was too scared to mention in the previous two mixtapes. The record unbelievably reached number four on the Billboard 200 and is now certified gold after selling over 500,000 units in North America alone.

In 2013 Gates signed a seven figure deal with Atlantic, and after releasing a Billboard top 10 debut album with over 112,000 sold copies, some huge singles followed, which continued to promote the record. “Kno One”, “Time for That”, “Really Really” and “2 Phones” were the most successful, with “2 Phones” having close to 300 million views on YouTube and just as many plays on Spotify.

Not only was the record a success commercially, but it was a favorite among critics too, and is part of the reason why Gates now sits comfortably on more than five million monthly listeners on Spotify. It was even more of a success due to the fact that there were no featured guests on the album that could helped promote it, like many rappers do these days. It is a completely solo album in every sense. However, Ty Dolla Sign and Jamie Foxx do appear on “Jam,” though it is a bonus track.

Both “Really Really” and “2 Phones” were so successful that they have become certified double platinum by the Recording Industry Association of America. “Really Really” peaked on the charts at 47, whereas “2 Phones” became the rapper’s first top 40 hit, reaching number 17. After these string of successes, Gates became a fairly in demand rapper who would go on to guest feature on tracks lead by more famous artists, such as Juicy J, Gucci Man, 2 Chainz, Wiz Khalifa, Chris Brown, and DaBaby.

Gates has also ventured in to businesses outside of music, most notably with his own brand of soft drink named I Don’t Get Tired, which is named after the rapper’s 2014 single of the same name. The energy drinks has seen a moderate success since being created in 2014 as the company is extremely active on Instagram to promote itself.

Gate’s Total Net Worth

It was with the help of XXL’s Freshman Class that he became so successful. The website’s annual puts a spotlight on up and coming rappers that its audience should be paying attention to, and Gates made the 2014 list in May. The rapper is a critical darling. Ever since The Luca Brasi Story, he has received critical acclaim for almost every project since.

It seems likely that from his music career, including rapping, singing and songwriting, combined with his entrepreneurial pursuits. That Kevin Gates has earned total career earnings of around $3.5 million dollars. Since he relocated to L.A. for his music career, while that will have had him earning more for events and so on. It is also estimated that his tax rate has been at about 38%, even after legal tax considerations and deductibles.

Therefore his after-tax earnings will have been around $2.17 million, having paid $1.33 million dollars in taxes. However it is unlikely that with a life like Gates’ that he has been able to hold on to his wealth, let alone successfully invest it. After having legal and personal troubles since the early 2000s, it is likely that Gates has a net worth no more than $1.3 million dollars, as of 2023.

It isn’t so much his unique delivery as a rapper, but his lyrical content that makes him so successful. Though the southern hip hop style is nothing new and has been developed by dozens of rappers, no rapper has used the style to explore such honest and autobiographical profundity like Gates has. It hasn’t been proved, but Gates has claimed he earned a master’s degree in psychology through a prison program, and that makes total sense as soon as you hear his sincere and deep lyrics of depression, poverty, and his time spent in jail. It is almost as if he is channeling Tupac Shakur at his most thought provoking.

Even while in prison the rapper remained active, and he used the same method of building hype for his sophomore album as he did for his first, which is by releasing mixtapes month apart from each other. Needless to say it worked again, and I’m Him, his second studio album, reached number four on the billboard 200 chart selling over 72,000 copies.

Summing-Up

Thanks to his engaging storytelling over southern hip hop beats, Kevin Gates has come to have a comfortable estimated net worth of $1.3 million. The rapper is still scheduled to tour in September and the chances are that Gates will release another mixtape around that time. Gates is a self proclaimed entrepreneur so it’s likely that he may invest in more businesses, expanding his empire and significantly increasing his net worth.

Ricky Gervais Net Worth

Roddy Piper Net Worth